Word: retailing
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Dates: during 1960-1969
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...over is well aware of its expanded powers. In the Brown Shoe case, the Supreme Court last year dealt a blow to corporate lawyers who thought that antitrust action could be directed only against a large concentration of power. It ruled that a merger between Brown and the Kinney retail shoe chain had to be broken up because it might result in restraint of trade-even though it involved only 5% of the U.S. shoe business. Last June the court went further and ruled that two Philadelphia banks could not merge because they would control more than...
...world's largest maker of razor blades (7 billion last year), announced that it too will market a stainless steel blade. The new blades will be distributed first in New York and Philadelphia and then to the rest of Gillette's 3,500 distributors and 500,000 retail outlets. Gillette thus becomes the third major U.S. company to go stainless, and its entry into the field signals the start of what is certain to be a bitter competition for the growing U.S. stainless blade market...
...economist once put it, a citizen casts a vote every time he makes a purchase. By that standard, the American consumer is trooping to the polls in record numbers-and voting his confidence in the U.S. economy. The Commerce Department reported last week that retail sales in July rose 1% over June's alltime high to set a new record of $20.7 billion...
...rise was not spectacular, but economists took pleasure in it nonetheless. During the year's first five months retail sales had hovered around the $20.3 billion-a-month mark, a remarkably steady performance but still not good enough for the chart watchers, who have come to depend so much on the consumer's performance. "They expect each week to be a new world," says the chief economist of a nationwide chain...
...chicken à la king (96 per serving, v. 305). Taste, depending on the product, ranges from good to dreadful. Mott thins the fat off its meats, uses only white chicken meat instead of richer dark meat, says all this adds 10% to 12% to its costs. The products retail at a 1% to 200% premium, and sales are swelling to $2,000,000 this year. The company's next project will be small, 8-oz. portions for the bachelor, or for the wife who seeks girth control while her husband eats high...